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Will the pie still be available for use after the festival is over ?
First I give my toons a prequel to their story ... doing all the miscellaneous quests of their province of origin. Then they follow the playstyle of "What Order Should I Do ESO's Story Arcs? - A Guide"
Haafingar - Sogrgun Drunk-Cloak - Male Nord - Guardian of the Wild - NA/PC (becoming the Vestige at level 20)
Grahtwood - Genri Oakblossom - Female Bosmer - Savage Stalker - Aldmeri Dominion - NA/PC
Vvardenfell - Gileig Hlaniro - Male Dunmer - Stamblade - Ebonheart Pact - NA/PC
Alik'r Desert - Ennicey Mhejin - Male Yokudan - Stamina Dragonknight - Daggerfall Covenant - NA/PC (becomes the Vestige at level 15)
The Rift - Eiribi Knot-Hair - Female Nord - Stamina Dragonknight - Ebonheart Pact - NA/PC
Shadowfen - Milah Negsus - Female Saxhleel - Necromancer - Ebonheart Pact - NA/PC
Glenumbra - Nelrie Margaux - Female Breton - Magicka Templar - Daggerfall Covenant - NA/PC
As far as it giving the Experience Bonus, I doubt it. It will probably do the same thing as the Witchmother's Whistle Memento we received from one of the last Festivals and just have an animation.
I doubt they will remove it from your Collections since it will be needed at the Jester Festival next year.